Volunteers of America Inc

Analysis

Volunteers of America Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 1965, 61 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Volunteers of America Inc reported income of $535k and spending of $629k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $390k to $535k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteers of America Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of the Central Blue Ridge Inc ($535k), Clare of Assisi Homes-Westminster Inc ($536k) and Sun and Earth Certification Inc ($535k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Other salaries and wages came to $100k. At year end it held assets of $5.4m against liabilities of $634k, net assets of $4.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.